Forecast: Chromium Products Used in Carbon Steel Manufacturing, Gross Quantity in the US

The forecasted data for chromium products used in carbon steel manufacturing shows a declining trend in the US from 2024 to 2028. Starting at 3.28 thousand metric tons in 2024, the usage is expected to decrease annually, reaching 2.59 thousand metric tons by 2028. The year-on-year decline from 2024 to 2025 is approximately 5.5%, with a similar trend expected until 2028. In 2023, the chromium products usage was higher, reflecting the current downward trend forecasted over the next five years. The compound annual growth rate (CAGR) indicates an average annual decrease over this period.

Looking ahead, potential reductions in steel production, advancements in alternative materials, and environmental regulatory impacts on chromium usage could further influence these trends. Additionally, technological innovations in recycling and resource efficiency may play a role in stabilizing or counteracting this decline.